Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


13.09.2012 08:15

Asian session: The dollar dropped

 

 

01:00 Australia Consumer Inflation Expectation September +2.4% +2.4%

01:10 New Zealand RBNZ Governor Bollard Speaks -

01:30 Australia RBA Bulletin Quarter III


The dollar dropped to the lowest in seven months versus the yen amid speculation the Federal Reserve will announce it will buy bonds under a program of quantitative easing that tends to debase the currency. The Fed is projected to announce a third round of quantitative easing, or QE, today at the end of a two-day meeting, according economists in a Bloomberg News survey. The central bank is also predicted to extend the duration of its zero-interest-rate policy into 2015. Two previous series of bond purchases totaling $2.3 trillion have failed to revive the labor market, which Fed Chairman Ben S. Bernanke said last month is a “grave concern.”

Gains in the common European currency were limited after Greece’s Prime Minister Antonis Samaras received the second refusal in four days from coalition partners over plans to reduce spending that are key to receiving international aid.  The 17-nation euro rose yesterday after Germany’s constitutional court said the country can ratify the European Stability Mechanism, a 500 billion-euro ($646 billion) rescue fund. The court also ruled Germany’s 190 billion-euro contribution can’t be increased without legislative approval.

Italy will auction today as much as 6.5 billion euros of government securities maturing in 2015, 2017 and 2026.

The New Zealand dollar remained higher following two days of gains after the country’s Reserve Bank left its benchmark interest rate unchanged at 2.5 percent today, in line with expectations of all 16 economists surveyed by Bloomberg. Governor Alan Bollard, who will step down later this month, signaled rates would remain unchanged through mid-2013.


EUR / USD: during the Asian session, the pair rose to yesterday's high.

GBP / USD: during the Asian session, the pair traded in the range of $1.6100-25.

USD / JPY: during the Asian session the pair fell by updating the seven-month low.


At 0780GMT, the SNB announces monetary policy decision. No outright policy action is expected, although further comments underlining the forex floor are likely. At 0800GMT, the ECB is to publish the Sep Monthly Bulletin. At 0900GMT, Italian Aug final HICP data is released. US data also starts at 1230GMT, with the September 8th week Jobless Claims data and the August Producer Price Index.  The day's main event is set for 1630GMT, when the FOMC issues its policy decision after a two-day meeting, followed by updated quarterly economic projections at 1800GMT and Chairman Ben Bernanke's quarterly news conference at 1815GMT.

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page